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Btcusdforecast

BITCOIN: TWO SIMPLE LINES SAYS IT ALL.Hello traders, welcome to this BTC update in a higher timeframe. Timeframe : 2 weeks. Recap: In our previous weekly update, we discussed BTC either holding the $19k support level or a drop-down below it. It turns out that BTC is still holding the support level. Update: In the lower timeframe, we may see BTC pumping but the higher timeframe says a whole different story. The two straight white lines say it all. BTC reaching $30k could be possible but once it does reach there, we have to be careful cause that will be a strong resistance area and a decisive point for the market. The market may seem good in a lower timeframe but if we zoom out and see a bigger picture, the danger still hovers around. Let's not forget that BTC has already broken down below the supporting trendline and the only thing that is holding the price is the horizontal supporting trendline. Key levels: $19k Support. Note: All ideas and updates are my personal opinion and research. I don't give financial advice to anyone so do not consider this as financial advice. All my updates are for educational purposes only. This is all I have to say from a long-term perspective. Do let me know your thoughts and ideas in the comments. Thank you so much for supporting me. God bless and trade safely.
BITSTAMP:BTCUSD
by Dexter_The_Trader
26
Bitcoin- Is this a genuine reversal? 25k holds the keyAfter the recent drop under 20k, Bitcoin found bids, and on Friday reversed strongly, gaining around 10% in a day and breaking above the recent falling wedge resistance (visible on short-term time frames) Now, everyone is wondering if this is a genuine reversal and a resumption of the long-term bullish trend. As a speculator, I try to be as objective as I can and look strictly at what the chart is telling me. Looking at the weekly posted chart we can see that after 10 months of decline, BTC found support in 20k and the last 3 weeks of price action are showing an Evening Star candle formation which can be the first sign of reversal. However, the price is still under the falling trend line that started in Nov last year. More, Bitcoin has also a strong horizontal resistance in the 25k zone and as long as this confluence level is intact, we are still in a bearish trend. That being said, in my opinion, this 25k zone holds the key and in order to speak of a bottom, we need a break above first. A quick look into Total: Total looks a little better than BTC. Of course, also here we have a downtrend that started in Nov last year and an Evening Star formation in the last three weeks, but this formation can be very well a higher low, which is more bullish than the double bottom (not yet confirmed) from Bitcoin. Also here we have an important resistance ahead at 1.16T. In conclusion, although I hope for a reversal, I'm only cautiously bullish at this moment. Best regards! Mihai Iacob
BITSTAMP:BTCUSDLong
by Mihai_Iacob
21
BITCOIN: STILL NOT BULLISH!!!Hello traders, I hope you guys are doing good. Here's a quick update on BTC in a lower timeframe. Timeframe: 8 hours. Update: BTC is still not bullish. It did perfectly bounce back from the $18.5k to $19k support level but currently, it is struggling to break above the $22k resistance level. If BTC fails to break above this level then we can expect another drop in the market. The RSI is already close to the overbought zone. Conclusion: BTC is still in a critical zone. Holding leverage positions for long in this unstable market will be risky. You may take short or long calls for scalping but make sure that it is for a shorter period of time. Note: Take the risk that you can effort to lose but knowingly do not jump into a bad trade. When you know and see that market is in a risky zone, stay aside. I hope this update is helpful for you. Thank you for supporting me. God bless.
COINBASE:BTCUSDShort
by Dexter_The_Trader
8
BITCOIN: A MIX FEELING OF GREEN AND RED.Welcome folks, to this new update on BTC. Timeframe: 3 Days. Recap: In my previous update, I mentioned about the two scenarios. 1. BTC will continue to hold the $19k support level and bounce back. 2. BTC will break down and fall towards the $12k support level. Well, it followed the number 1 scenario, a bounce from the $19k support level. Update: Recently, BTC has been reacting both negative and positive at the same time. I don't know if this could be an actual bounce back for BTC towards the $29.5k resistance level. So far, BTC manage to stay above the support 1 level but still in a critical zone. This time if BTC manages to break through all the odds then $29.5k to $30k could be a promising range for BTC. If you ask me when then I believe the beginning of the last quarter could be the month. RSI: The RSI is showing both the bullish and bearish divergence at the same time. We can see a nice rising wedge pattern forming in the RSI. Conclusion: Bulls need to maintain the pressure and should not drop below the $19k support. I am still holding my longs on BTC on spot and if by any chance, BTC goes bleeding red, I would like to accumulate more and more. What do you think about the recent price movement in BTC? Do share your views. Like, and comment to support me. Thank you and trade safely.
by Dexter_The_Trader
4
BTCUSDT 3D 🎂 Bitcoin price we expect $365k in 365 daysToday is our birthday - 2 years since two friends - traders created the PS Trade project. And although we have different approaches to analysis and different trading styles, we are united by the desire to diversify our working days and share the experience we have gained over the years of trading cryptocurrencies with society. For two years of public work, we have published more than 1500+ ideas on Tradingview, and you can evaluate the quality of their working out. On the occasion of our holiday, we would like to present you a c-c-combo idea-analysis of the BTCUSDT trading pair On the Bitcoin chart shows: - Gann box, which shows critical trend breaks on the global graph - Fibonacci levels on different timeframes, which historically work well as support and resistance levels, and also indicate future guidelines - as well as fractal analysis - which shows the psychology of the behavior of market players. So: The minimum program is the growth of the BTCUSDT price according to the blue fractal and the achievement of the goal of $117-120k in the spring of 2023 The maximum program is the movement of the BTCUSD price with a white fractal and $365000 per BTC at the end of summer - at the beginning of autumn 2023 The critical zone , where the global trend can change its direction to growth, is in the zone of $32-37k If the BTCUSDT price cannot be fixed above this zone, then the apocalyptic scenario that was published at the beginning of May 2022 with targets below $12-14k will be relevant _______________________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
by P_S_trade
58
Bitcoin- Was the recent break a false one? Will it rise to 25k?Since the recent high at 25k and the break under the rising wedge, Bitcoin has fallen, but the drop is in steps, with tight lows, and is drawing a falling wedge. All this for me suggests no selling power at this moment and bullish accumulation on levels. The recent drop under 19500 support can very well be a false one and a break back above would confirm this outlook and give scope to continuation to at least 22k. In the longer term, the price can even rise to 25k and swing traders can have a 1:4 R: R on their trades considering a stop loss under the recent low.
BITSTAMP:BTCUSDLong
by Mihai_Iacob
22
BITCOIN WEEKLY UPDATE: STILL HOLDING THE SUPPORT!Hello traders, I hope you all are doing good. Welcome to this weekly update on BTC. I am going to keep things easy and simple. Timeframe: 1 week. Update: Ever since the $17.6k drop, BTC couldn't rally above $25.2k. The rejection from the $25.2k brought the price back to the $19k support level. Basically, we have two clear scenarios in front of us. 1. BTC will continue to hold the $19k support level and bounce back. 2. BTC will break down and fall towards the $12k support level. RSI: The RSI is under the oversold zone. Technically, the previous RSI low is still lower than the current RSI low which is a positive sign. But if we see a drop incoming then I would expect a double bottom formation in RSI and then a big pump. Conclusion: Until and unless BTC maintains the support 1 level, we can expect some good rallies soon. If not then we better be prepared to buy BTC at a discounted rate. What's your idea on this? Do let me know in the comments. Thank you for reading this idea. Keep on supporting me with your valuable likes and comments. Trade safely.
by Dexter_The_Trader
4